Midtown

Allied Partners Potentially Reviving Mixed-Use Development Plans at 50 West 40th Street, Midtown

10:00 am on April 6, 2016 By Reid Wilson

Back in August of 2012, CUNY’s Stella and Charles Guttman Community College welcomed its inaugural class at the seven-story, 91,335-square-foot building at 50 West 40th Street – the annex portion of the 23-story American Radiator Building, an individual landmark, at 40 West 4t0th Street – in Midtown. Now, the school is planning to move to a larger four-story, CUNY-owned building at 445 West 59th Street once its lease expires in 2020. According to The Real Deal, Allied Partners, the owner of 50 West 40th Street, will demolish the annex building for, presumably, a new development. In 2010, a 300,000-square-foot mixed-use building, reportedly designed by Norman Foster’s Foster + Partners, was proposed at the site. At the time, the development assemblage included the properties at 54 West 40th Street and 43 West 39th Street. It’s not known if the same footprint will be utilized this time around.

32-Story, 300-Key Hotel and Retail Complex Filed at 255 West 34th Street, Garment District

6:00 am on April 6, 2016 By Reid Wilson

In December of 2014, YIMBY revealed Cornell Realty Management’s plans for a 17-story, 180-key hotel at 245-247 West 34th Street, in Midtown’s Garment District. Those plans have since been discarded, as Cornell and Chetrit Group have divided up their 34th Street assemblage into two separate ownerships. Earlier this year, Cornell announced plans to build a four-story retail complex at 257-263 West 34th Street, and now Chetrit has filed applications for a 32-story, 300-key hotel building at 243-255 West 34th Street. The new building will encompass 155,594 square feet, of which 122,426 square feet will be used as commercial space.

61-Unit Condominium Project Could Be Coming To 517 West 29th Street, West Chelsea

6:30 am on April 1, 2016 By Reid Wilson

Back in October of 2015, Six Sigma was in contract to buy the six-story, 55,000-square-foot commercial building at 517-523 West 29th Street, in West Chelsea, for $54 million. The developer has since closed on the purchase and has now filed exploratory applications with the Attorney General’s office to gauge the demand for a potential condominium project, The Real Deal reports. Although details are sparse, the project would include 61 condominium units and ground-floor retail space. It’s not clear if the existing building would be demolished for a new one, although the site can accommodate up to 74,000 square feet of development potential (which means it currently has 19,000 square feet of air rights). Nothing has been filed yet with the Department of Buildings.

36-Story Midtown Office Tower At 65 East 55th Street Getting Major Renovations

4:00 pm on March 31, 2016 By Reid Wilson

The 36-story, 615,850-square-foot office building at 65 East 55th Street, in Midtown, is currently receiving a $25 million renovation now that a majority of the tower is in between commercial leases. Construction on the first phase of renovations began earlier this year and includes a redesigned 41-foot-tall lobby and upgraded elevators, according to Commercial Observer. Once tenants vacate additional areas of the building this summer, work will begin on 20,000 square feet of amenities. Dubbed The Club, it will feature a fitness center, a recreational lounge, a bistro, and a conference center. A new outdoor plaza, with seating, vegetation, a sculpture, and a restaurant/bar, is also being constructed. Once completed, hundreds of thousands of square feet of office space will hit the market. Landlord Equity Office, a branch of Blackstone Group, acquired the 1985-built building in 2014 for $750 million.

142 West 19th Street, rendering via Urban Standard Development

First Look at 142 West 19th Street, Chelsea Condos

7:30 am on March 31, 2016 By Rebecca Baird-Remba

A four-story row house on West 19th Street between Sixth and Seventh avenues will meet the wrecking ball for condos, and we have a glimpse of the new building that will replace it.

Developer Files for 49-Story, 122-Unit Residential Tower at 131 East 47th Street, Midtown East

6:00 am on March 31, 2016 By Reid Wilson

Over the summer of 2015, YIMBY revealed renderings of New Empire Real Estate’s planned high-rise residential tower at 131 East 47th Street, in Midtown East, and now new building applications have been filed with the Department of Buildings. The new 122-unit building will encompass 173,059 square feet and will rise 49 stories, or 581 feet, above street level. Beginning on the second story, there will be three residential units per floor through floor 12 and floors 14 through 35, then two units per floor on floors 37 through 47. The 48th floor will contain a full-floor penthouse, and floors 13, 36, and 49 will contain mechanical equipment.

Two-Towered, 800-Unit Residential Complex Tops Out At 626 First Avenue, Murray Hill

6:30 am on March 28, 2016 By Reid Wilson

It was in December that YIMBY last brought you a construction update on the two-towered, 800-unit residential development under construction at 626 First Avenue, between East 35th and 36th streets in Murray Hill. The residential towers – now standing 41 and 48 stories – have since topped out, as seen in photos by Tectonic. The apartment units should average 906 square feet apiece and will be accompanied by 94,700 square feet of amenities, including a 38,000-square-foot public park. There will also be 4,100 square feet of ground-floor retail space. JDS Development Group is the developer of the 825,000-square-foot complex, and SHoP Architects is behind the design. Completion is expected in early 2017.

Developer Planning Residential Tower At 203-215 East 38th Street, Midtown East

1:00 pm on March 25, 2016 By Reid Wilson

BLDG Management has acquired the three properties spanning 211-215 East 38th Street, in Midtown East, for $36.7 million, which reportedly completes a development assemblage that also includes the two buildings at 203-209 East 38th Street. The developer plans to demolish the entire assemblage to make way for a new residential tower with ground-floor retail space, according to The Real Deal. The site measures 17,944 square feet, which means it can accommodate up to 179,440 square feet of development potential. Other details, including the architect have not been disclosed. What must first be demolished is a two-story brick structure, three four- to five-story tenement buildings, and a five-story parking garage.

New Look At 65-Story Residential Tower Nearing Completion At 252 East 57th Street, Midtown East

6:30 am on March 25, 2016 By Reid Wilson

YIMBY last checked in on the 65-story, 268-unit residential tower being built at 252 East 57th Street, in Midtown East, back in October of 2015, when the structure topped out at 715 feet above street level. Since then, glass installation has been rapidly underway to encapsulate the residential interiors, which will eventually contain a total of 93 condominiums and 175 rental apartments. YIMBY now has close-up renderings of the 632,828-square-foot tower.

Three-Story, 17,000-Square-Foot Multi-Use Building Filed At 153-03 41st Avenue, Murray Hill

11:00 am on March 24, 2016 By Reid Wilson

Property owners Byung Woo Lim and Ouk Ja Lim, doing business as an anonymous Long Island-based LLC, have been filing applications since June of 2014 for a three-story, 17,167-square-foot multi-use community facility at 153-03 41st Avenue (a.k.a. 40-23 – 40-27 Murray Street), in Queens’s Murray Hill. According to the latest filing, the new building will include a doctor’s office on part of the ground floor and a daycare on the rest of the ground floor and the entire second and third floors. The cellar will feature a 10-car parking garage. The 75-foot-wide property is currently occupied by two two-and-a-half-story buildings and is located three blocks from the neighborhood’s Long Island Rail Road station. Suk Hwan Kim’s Flushing-based Design Group In H&K is the architect of record.

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